Europe
Facebook owner Meta Platforms has been fined a record $1.3 billion by European Union (EU) regulators for violating privacy rules by sending user data to the United States. The fine, the largest ever privacy penalty imposed by the EU, highlights the increasing risks faced by companies that fail to comply with EU privacy regulations. The […]
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European Commission’s Vice President Margrethe Vestager in a speech at the ICN annual meeting on May 5 has revealed that the Digital Markets Act will ‘enter into force next spring’. Apple has vehemently opposed the DMA which will make it illegal to restrict which apps users can install on their devices. Additionally, the DMA will force Apple to […]
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On April 28, Meta published its quarterly report where the company offered relevant information about the legal and regulatory risks that is facing and how these risks could affect the company´s revenue. The company is facing lawsuits in the U.S., Europe and around the world. Perhaps the most relevant one for Meta is the ongoing […]
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The Committee on International Trade at the European Parliament backed yesterday, April 25, a proposal that could make the acquisition of EU companies by overseas firms lengthier — and in some cases, more difficult. The draft law was unanimously approved and gives the EU Commission the power to investigate and counteract market-distorting foreign subsidies granted […]
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Elon Musk is inches away from sealing a deal to buy Twitter for approximately $43 billion, according to different news outlets. Musk, a self-described “free speech absolutist,” said in an interview during a TED conference on April 14 that “it is very important for [Twitter] to be an inclusive arena for free speech.” During the […]
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Apple is facing challenges on several fronts that could affect its App Store revenue. From judicial rulings in the U.S. to antitrust decisions in The Netherlands but more importantly, from legislative proposals in Europe and the US that could limit Apple’s exclusive ability to distribute apps for its operating system. However, Apple is doubling down […]
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Apple’s latest plan to develop its own payment processing system may test the limits of the recently approved European Digital Markets Act (DMA). According to Bloomberg sources, Apple is planning to bring some financial services in-house, including the development of its own payment processing system but it could also add credit checks, risks assessment for […]
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Yesterday, March 23, Google and Spotify announced a new agreement that will allow users to download Spotify from the Google Play Store and choose to pay with either Spotify´s payment system or Google Play Billing. For the first time, a dual billing option will be displayed side by side in the app. This represents a […]
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Apple is facing regulatory headwinds that may threaten its App Store revenue. However, the Cupertino, California-based company still has some legal arguments that could help it to delay the implementation of one of the most far-reaching provisions in the European Commission’s Digital Markets Act (DMA). The European Union approved in December the DMA, which aims […]
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The failed attempt by Visa to buy Plaid may indicate a bigger problem for card networks and a few fintech companies, they are growing too large to be ignored by regulators and areas such account-to-account payments and merchant acquiring servicies may enter in antitrust scrutiny territory. In this article we tell you which PayTech companies may be in a better position to continue growing through M&A.
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